Chapter 16
Trading Cryptocurrencies
IN THIS CHAPTER
Defining cryptocurrencies, their pros, and their cons
Making the most of methods for participating in cryptos
Listing the biggest cryptocurrencies and taking steps to get them
Considering cryptocurrency exchange-traded funds
Getting the scoop on important rules and resources
How could you do a book on currency trading without covering the new kid on the block: cryptocurrencies? How can you talk about trading opportunities in vehicles such as the U.S. dollar or the euro and ignore the monster moves that have occurred in recent years with Bitcoin, Ethereum, and other cryptocurrencies? Wonder no more: This chapter introduces you to the world of cryptocurrencies.
Cryptocurrencies are a great complement to your currency trading universe because they have advantages that traditional currencies don’t have. Cryptocurrencies, especially the long-standing vehicles of Bitcoin and Ethereum, have been pure supply-and-demand plays versus the ...
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